Brooklyn FI LLC Acquires New Stake in Fidelity National Information Services, Inc. (NYSE:FIS)

Brooklyn FI LLC bought a new stake in Fidelity National Information Services, Inc. (NYSE:FIS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,865 shares of the information technology services provider's stock, valued at approximately $505,000.

Several other hedge funds have also made changes to their positions in FIS. Larson Financial Group LLC lifted its holdings in Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 159 shares during the last quarter. R Squared Ltd acquired a new position in shares of Fidelity National Information Services in the 4th quarter valued at $30,000. Morse Asset Management Inc purchased a new position in shares of Fidelity National Information Services during the 3rd quarter worth $37,000. OFI Invest Asset Management acquired a new stake in shares of Fidelity National Information Services during the 4th quarter worth about $40,000. Finally, Grove Bank & Trust raised its holdings in Fidelity National Information Services by 341.0% in the 4th quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider's stock valued at $42,000 after buying an additional 399 shares during the period. Hedge funds and other institutional investors own 96.23% of the company's stock.

Fidelity National Information Services Stock Up 1.3 %

Shares of Fidelity National Information Services stock traded up $0.96 during trading hours on Monday, hitting $74.31. The company had a trading volume of 2,459,261 shares, compared to its average volume of 3,378,732. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company's 50-day moving average is $74.76 and its two-hundred day moving average is $81.39. The company has a market cap of $39.36 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. Fidelity National Information Services, Inc. has a twelve month low of $66.51 and a twelve month high of $91.98.

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Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same period in the prior year, the firm earned $0.94 earnings per share. Analysts anticipate that Fidelity National Information Services, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. This is a boost from Fidelity National Information Services's previous quarterly dividend of $0.36. Fidelity National Information Services's payout ratio is currently 61.30%.

Analyst Ratings Changes

FIS has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price target for the stock from $103.00 to $81.00 in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Finally, William Blair reaffirmed an "outperform" rating on shares of Fidelity National Information Services in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $88.65.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.